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The Sale of a Partnership Interest Always Results in Capital

question 8

True/False

The sale of a partnership interest always results in capital gain or loss rather than ordinary income.


Definitions:

Guanine

One of the four main nucleobases found in the nucleic acids DNA and RNA, which pairs with cytosine.

Adenine

A nitrogenous purine base that is a component of nucleic acids and ATP.

Cytosine

A nitrogenous pyrimidine base that is a component of nucleic acids.

Thymine

A pyrimidine base found in DNA, paired with adenine in the DNA double helix.

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